Economic diversification in Nigeria (part 2): Understanding the natural resource curse

About two weeks ago, I started a series on economic diversification¬†for us to understand the factors responsible for Nigeria’s economic structure. Today, we would be looking at one of the major problems facing resource dependent economies like Nigeria and which also undermines efforts at economic diversification – the¬†natural resource curse. Oil was discovered in Nigeria… Read More Economic diversification in Nigeria (part 2): Understanding the natural resource curse

Economic diversification: Understanding it within the Nigerian context – part 1

So over the next couple of weeks, I shall be doing a series on economic diversification. I feel this is imperative as this has dominated the discourse on the Nigerian economy since it plunged into a recession. More so, with the recently released Economic Recovery and Growth Plan, I think that a basic understanding of… Read More Economic diversification: Understanding it within the Nigerian context – part 1